Valu reported strong financial and operational results for the first nine months of 2026, with gross revenue rising 36% year-on-year to EGP 5.33 billion and net income increasing 35% to EGP 731 million, supported by growth across its financing products, merchant network, and regional expansion into Jordan.
The company’s net revenue also recorded a 53% annual increase to EGP 3.08 billion, while its annualized return on average equity (ROAE) reached 37%.
The results reflect Valu’s strategy of balancing business expansion with disciplined credit selection and risk management, as the company continues to diversify its financial services offering.
Valu’s Financing Portfolio Expands 46% as Loan Issuances Rise
Valu maintained strong operational momentum during the reporting period, with Gross Merchandise Value (GMV) increasing 43% year-on-year to EGP 24.7 billion.
Loan issuances grew 48% to EGP 21.5 billion across 8.3 million transactions, while the company’s activated customer base expanded 14% to 993,000 customers. Average customer engagement also increased to 16 transactions per customer.
Meanwhile, Valu’s principal outstanding portfolio grew 46% year-on-year to EGP 19.04 billion, or EGP 13.5 billion excluding securitized assets.
Despite tighter market conditions, the company maintained stable asset quality, with its Non-Performing Loan (NPL) ratio standing at 1.20% and a coverage ratio of 71%. Valu also maintained a 20% market share in Egypt as of June 2026.
Commenting on the results, Walid Hassouna, Chief Executive Officer of Valu, said the company prioritized portfolio quality over volume growth, adopting a more disciplined approach to financing approvals.
He noted that Valu’s cumulative approval rate declined to 54.85%, compared with 58.12% in 2025, reflecting its focus on maintaining a healthier credit portfolio while continuing to serve customers across different economic cycles.
Hassouna added that the company’s expansion strategy combines investments that may weigh on short-term results with vertical and horizontal growth initiatives aimed at building a more diversified business over the long term.
Valu Expands in Jordan and Launches New Savings and Cashback Products
During the third quarter of 2026, Valu introduced El Gameya, a digital rotating savings product available through its application. The service completed payouts worth EGP 15 million across 225 unique customers, with an average transaction value of EGP 66,000.
The company also launched an instant cashback loyalty program covering all financed transactions, regardless of their nature. The program has distributed EGP 45 million in cashback to 338,000 customers through 1.5 million transactions.
Regionally, Valu activated its operations in Jordan, onboarding 126 merchants through 31 promotional campaigns and executing 3,060 transactions. The company also issued approved credit limits worth JOD 1.6 million, while maintaining a conservative approval rate of 43%.
To support its expansion plans, Valu diversified its funding sources. In August 2026, the company completed its first corporate bond issuance worth EGP 1 billion, as part of a broader EGP 10 billion program.
It also secured an EGP 600 million financing facility, equivalent to USD 12.5 million, from the European Bank for Reconstruction and Development (EBRD).
In sustainability, financing for electric vehicles (EVs) under the Shift program surged 313% year-on-year to EGP 383 million, while EV gross merchandise value reached EGP 650 million. Valu also remains on track to issue its first carbon footprint report by the end of 2026.
SME Financing and Regional Expansion Top Valu’s Q4 Priorities
Looking ahead, Valu’s strategic priorities for the fourth quarter of 2026 include securing final approval for SME financing in Egypt and launching a pilot of its Risk Rule Engine 3.0 across 20% of incoming financing applications.
The company also plans to expand its Shift and El Gameya programs, strengthen merchant partnerships in Jordan, and continue diversifying its funding channels.
Valu is also evaluating capital options to support its long-term regional expansion strategy and strengthen its position across the financial technology sector.
